Transactions: General Dynamics
- Transaction Value
- July 04, 2011
- Exclusive financial advisor to General Dynamics on the divestiture of General Dynamics Detection Systems to Chemring
General Dynamics’ management and Board of Directors elected to divest the company’s Detection Systems business, a leading supplier of devices for detecting chemical, biological and explosive threats for the DoD, as part of a broader strategic portfolio realignment. The transaction represented a meaningful expansion by Chemring plc into attractive DoD-related chemical, biological and explosive/counter-IED detection markets to augment its existing capabilities.